SDRL - Seadrill Announces Expiry of Forbearance Agreements
Hamilton, Bermuda, 1 November 2020 – Reference is made to the announcements by Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) on 15 and 29 September 2020 regarding forbearance agreements entered into by the Company with certain creditors in respect of the group's senior secured credit facility agreements, senior secured notes, and guarantee facility agreement. The term of the forbearance agreements expired on 31 October 2020, and, accordingly, the creditors with whom forbearance agreements were entered into are no longer prevented from taking actions in respect of